Aug. 1, 2022

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Sioux Falls-based MarketBeat is a one-stop resource that brings together fundamental and technical analysis so investors have a single resource to get timely information on news that affects the stocks in their portfolio or watchlist. MarketBeat is partnering with SiouxFalls.Business to provide a monthly overview of stocks of local interest. Here’s a recap of what has been moving these stocks in the past 30 days.

Pathward Financial (NASDAQ:CASH) – On July 13, Meta Financial legally changed its name to Pathward Financial. It reported third-quarter earnings on July 27 and delivered split results. The company beat the bottom line by 1 percent, with earnings per share of 93 cents. However, the company came in 3 percent light on the top line with $126.15 million in total revenue.

SAB Biotherapeutics (NASDAQ:SABS) – SAB Biotherapeutics will deliver its second-quarter earnings report Aug. 11. At that time, investors will get more insight into the progress of the company’s development of next-generation, fully human, polyclonal antibody therapeutics.

First Interstate BancSystem (NASDAQ:FIBK) – The bank reported second-quarter earnings July 26. Earnings came in over 20 percent lower than expectations at 59 cents per share. However, the revenue of $288.9 million beat analysts’ expectations and was higher on a year-over-year basis.

Wells Fargo (NYSE:WFC) – Wells Fargo delivered second-quarter earnings July 15. The bank missed on both revenue and earnings. However, the stock price largely is shaking off the report as it is up nearly 10 percent for the month.

NorthWestern (NASDAQ:NWE) – NorthWestern Energy reported its second-quarter earnings July 27. The company beat on both the top and bottom lines. Revenue was particularly impressive, coming in 15 percent above consensus estimates.

CNH Industrial (NYSE:CNHI) – In what is becoming a common theme this earnings season, CNH Industrial delivered a solid earnings report July 29. However, the company is preparing for a global recession but still maintains its full-year forecast.

Citigroup (NYSE:C) – Earnings season tends to sort out winners and losers. Citigroup landed firmly in the winner’s camp with a solid earnings report that saw the company beating on the top and bottom lines. The bank’s stock began trading ex-dividend July 29, and shareholders of record will receive a dividend payment of 51 cents per share in late August.

McDonald’s (NYSE:MCD) – McDonald’s delivered second-quarter earnings July 26. Although the results were split, MCD stock continues to climb as the company shows that it has the pricing power to navigate through high inflation.

Walmart (NYSE:WMT) – Walmart will report earnings in mid-August. However, the retailer shook the markets last week by issuing a profit warning. The company cited lower spending on apparel, which is likely to hurt the company’s margins in future quarters.

Target (NYSE:TGT) – Target will report second-quarter earnings Aug. 17. This will be the retailer’s first earnings report since it issued a profit warning in June.

Macy’s (NYSE:M) – On July 20, Macy’s announced that it was seeing a payoff in its strategy of building off-mall, small-format stores. The retailer will report second-quarter earnings Aug. 13.

Amazon (NASDAQ:AMZN) – Amazon helped to lift the market as it delivered strong growth in revenue driven by its Amazon Web Services business unit. Revenue was up 12 percent for the quarter. Investors will be looking to see if the report is the jump-start the stock needs, which has failed to find traction even after a stock split.

Costco (NASDAQ:COST) – Costco began to trade ex-dividend July 28. The company will issue a dividend in August. The retailer is showing continued demand, particularly as consumers are looking to consolidate their visits for both gas and groceries.

Ford Motor (NYSE:F) – Ford has been one of the pleasant surprises this earnings season. The company beat on both the top and bottom line. And more importantly, investors are seeing signs that the company’s long-term bet on electric vehicles is beginning to pay off.

General Motors (NYSE:GM) – In contrast to Ford, General Motors reported a 40 percent decline in net income, citing the ongoing chip shortage. However, the automaker beat analysts’ revenue expectations, and the revenue also was higher on a year-over-year basis.

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